Bob Gonser was contacted by the grandson of an elderly widow who was concerned his grandmother had been fraudulently solicited to place proceeds from the sale of her farm land into approximately $1.7 million in highly speculative securities. After returns on his grandmother’s investments ceased to provide monthly income as promised, our client was left with no income other than her social security. Bob Gonser successfully negotiated a settlement with Respondents after arguing they failed to properly manage her account to reflect her conservative objectives, instead placing our client in investments which were high risk and speculative and only suitable for people who could afford to lose their entire principal.

Following a 7-day evidentiary hearing, a FINRA arbitration panel awarded Bob Gonser’s client over $914,000 for losses against the Respondent brokerage firm and its registered representative. The award included compensatory damages, pre-judgement interest, attorney’s fees and expert witness costs as well as rescission of seven Direct Participation Programs (DPPs). The panel also assessed all forum fees against Respondent brokerage firm and its registered representative. The case involved the sale of 14 investments including non-traded Real Estate Investment Trusts (REITs), Oil & Gas partnerships, a Tenancy in Common (TIC) and one equipment leasing partnership. HG Attorney Robert Gonser represented the Claimant who sought damages for insufficient due diligence by the brokerage firm and the improper conduct of its registered representative who was not adequately supervised.

LPL settled charged in connection with the offer and sale of Non-Traded REIT’s. The investigation stemmed from the complaint filed by the Commonwealth of Massachusetts Securities Division into similar non-traded REIT sales practices with other broker-dealers. [Read more…]

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Testimonials

Bob: I just wanted to send you a note now that all this is behind us, to let you know how much we appreciate your effort on our behalf. If it was not for you, we would never have been able to recover anything from our broker/dealer. My sincere thanks for all your help.

J.B., California

Bob: You should feel proud of your professional performance in handling my mother’s securities arbitration case earlier this year. My family and I extend our personal thanks to you and Marie for your hard work to make our case a success. We were extremely pleased with your performance.

G.B., North Carolina

Through your hard work and smarts, you secured a good settlement for me. I would never have been able to recover a penny without your help. I thanked you at the time, but just wanted to be sure you know how grateful I remain.

C.O., California

Thank you so much for the result. We got the result that was better than expected. It was a long journey and was worth the fight.

P.K., Illinois

Thank you for all you have done to make things easier during this difficult time. We were lucky to have you on our team.

L.T., CALIFORNIA

On behalf of my family, we wanted to again Thank You for helping us in regard to our case. During some very stressful times you were always there to answer questions and put everything back into perspective. I felt a great level of comfort having you handle our case. You are very good at what you do.

A.L., Minnesota

Bob-My brother Dick, myself and especially my Mom want to thank you for all your hard work. We appreciate your candid appraisals of where our case stood as process evolved. We feel that realistically you achieved all that was possible considering all factors… Thank you.

D.P., California

Thank you so much for all your efforts on my behalf. It was a pleasure to be represented by a kind, professional and passionate legal team during a challenging time for my family and me.

V.D., CALIFORNIA

Bob took my case on a contingency basis, which was important to me because I had lost everything in the bad investments my securities broker had recommended. Bob successfully argued in mediation, and got me a sizable reward. I would absolutely recommend Bob, especially for FINRA related cases.

Joe B.

Thank you for all you have done to make things easier during this difficult time. We were lucky to have you on our team. We were also very blessed to have the staff support that you provide with your services.

L.T

We appreciated Bob Gonser’s professional advice and support in handling our case and were impressed with his vast knowledge of our securities investments. Through Bob’s guidance, we were able to obtain a pleasing settlement without having to endure the stress of a hearing…

A.P., Maryland

Welcome

Robert Gonser, founder of Gonser Law PC has depth of experience in the practice of securities arbitration. Gonser Law represents aggrieved investors in a variety of disputes related to losses sustained in their brokerage accounts as a result of wrongdoing, mismanagement and fraud by their stockbrokers, brokerage firms, and investment advisors. Since 1990, Mr. Gonser has recovered millions of dollars in awards and settlements on behalf of hundreds of investors who were solicited to invest irreplaceable assets into unsuitable securities, placing their entire life savings at risk.

Clients Rely on Gonser Law PC:

To Protect their interests in securities-related disputes that are required to be resolved in binding arbitration.

To Maximize recoveries, including by accessing insurance coverage from financial advisory firms throughout the country.

To Handle their cases with in-depth knowledge of securities, regulatory policies, and procedures.

To Achieve significant recoveries of their investment losses.

As experienced securities arbitration and litigation lawyers, we know how to succeed and have an excellent track record of awards and settlements for clients in the following areas:

Testimonials

Bob: I just wanted to send you a note now that all this is behind us, to let you know how much we appreciate your effort on our behalf. If it was not for you, we would never have been able to recover anything from our broker/dealer. My sincere thanks for all your help.

J.B., California

Bob took my case on a contingency basis, which was important to me because I had lost everything in the bad investments my securities broker had recommended. Bob successfully argued in mediation, and got me a sizable reward. I would absolutely recommend Bob, especially for FINRA related cases.

Joe B.

Bob: You should feel proud of your professional performance in handling my mother’s securities arbitration case earlier this year. My family and I extend our personal thanks to you and Marie for your hard work to make our case a success. We were extremely pleased with your performance.

G.B., North Carolina

Through your hard work and smarts, you secured a good settlement for me. I would never have been able to recover a penny without your help. I thanked you at the time, but just wanted to be sure you know how grateful I remain.

C.O., California

Thank you so much for the result. We got the result that was better than expected. It was a long journey and was worth the fight.

P.K., Illinois

Thank you for all you have done to make things easier during this difficult time. We were lucky to have you on our team.

L.T., CALIFORNIA

On behalf of my family, we wanted to again Thank You for helping us in regard to our case. During some very stressful times you were always there to answer questions and put everything back into perspective. I felt a great level of comfort having you handle our case. You are very good at what you do.

A.L., Minnesota

Bob-My brother Dick, myself and especially my Mom want to thank you for all your hard work. We appreciate your candid appraisals of where our case stood as process evolved. We feel that realistically you achieved all that was possible considering all factors… Thank you.

D.P., California

Thank you so much for all your efforts on my behalf. It was a pleasure to be represented by a kind, professional and passionate legal team during a challenging time for my family and me.

V.D., CALIFORNIA

Thank you for all you have done to make things easier during this difficult time. We were lucky to have you on our team. We were also very blessed to have the staff support that you provide with your services.

LPL settled charged in connection with the offer and sale of Non-Traded REIT’s. The investigation stemmed from the complaint filed by the Commonwealth of Massachusetts Securities Division into similar non-traded REIT sales practices with other broker-dealers. [Read More…]